Nissan Offering 84-Month Financing on Titan & Armada

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - January 31, 2018

If you've had it in mind to buy a Nissan Titan or Armada but have been struggling with affordability, there's a new financing option worth being aware of. For a limited time, the automaker is offering 84-month rates starting at 1.9% APR.

However, our analysis shows that prospective buyers could risk losing out on rebates worth up to $7,000 in the process. Here's a look at how the offer works and why it's so unusual.

Offer Details

Through February 5, the Titan, Titan XD and Armada are eligible for 84-month promotional APR. If you can still find a 2017 at your dealer, Nissan is offering 1.9% APR on Titans and 2.9% APR on Armadas. 2018s are eligible for 3.9% APR.

On a 2017 Titan PRO-4X priced at $45,000 with no money down, this would equate to a payment of $559/month factoring $1,000 in available bonus cash.

Based on our analysis, the total cost of a 7-year loan would be about $47,025, which includes $3,025 in interest before taxes and fees. So is this a good deal?

Not really. Here's why.

At the same time, Nissan is offering up to $7,000 off Titans for those who don't take promotional rates. With rebates, a loan at 3% for 5 years would cost $40,968, an advantage of $6,057 compared to the 84-month offer.

The Affordability Question

Unfortunately, despite the lower total cost with rebates, your monthly payment would be considerably higher with a traditional loan, rising to about $682/month, $123 more than the 84-month offer.

So should you prioritize total cost or monthly affordability? That's up to you, but clearly there's a big difference in these two options that could cost you serious money on something that rapidly depreciates in value.

84-month options aren't uncommon, but rates as low as 1.9% are rare. To put this in perspective, the 2018 Ford F-150 has an 84-month rate of 6.9% and competitors like the Chevy Silverado 1500 don't have this option.

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter | Website